Binance, the world’s largest cryptocurrency exchange by daily trading volume, has made new announcements for five altcoins. As a result of the announcements, there were changes in the price of some coins. Here are the details…
Binance STX and COCOS launch perpetual futures contract
Binance Futures will launch STX and COCOS perpetual futures contracts today (February 21) at 17:30 and 17:45 CEST, respectively, with up to 20x leverage. Binance underlines that from time to time, depending on market risk conditions, it may adjust the properties of contracts, including tick size, maximum leverage, initial margin and/or maintenance margin requirements. Details of the contracts are given in the table below:
Following the development, COCOS rose from $2.13 to $2.61. However, at the time of writing, it has been pulled back to $2.24. Stacks (STX), on the other hand, rose 23.8 percent from $ 0.570 to $ 0.75. It continues to rise at the time of writing.
Adding GNS to Binance’s “convert” platform
Binance Convert, on the other hand, adds the Gains Network (GNS). cryptocoin.com As we have reported, the exchange had recently listed GNS on the spot market. With the addition of Convert, users can now trade GNS for BTC, USDT and any other token supported by Binance Convert for zero fees. GNS managed to rise from $8.60 to $9.76 on a daily basis. However, at the time of writing it has been withdrawn to $8.86.
Binance completes IDRT-Polygon integration
According to another announcement, the exchange has completed the integration of Rupiah Token (IDRT) into the Polygon network. Deposits and withdrawals for Rupiah Token (IDRT) are now open on the Polygon network. Following the development, the Rupiah Token rose from $0.00006541 to $0.0000679. It’s changing hands at $0.00006580 at the time of writing.
Update on FLOW network supported
Finally, Binance announced that it will support the update and hard fork on its Flow (FLOW) network. The FLOW update is expected to take place on February 22, 2023 at 19:00 Turkish time. FLOW deposits and withdrawals on the exchange will be suspended as of February 22, 2023, 18:00. FLOW trading will not be affected during network upgrade and hard fork. Binance underlined that it will fulfill all relevant technical requirements for all users who hold FLOW in their accounts. Also, this Flow (FLOW) network upgrade and hard fork will not result in the creation of new tokens.
The exchange will reopen deposits and withdrawals for FLOW once they think the upgraded network is stable. FLOW rose from $1.36 to $1.41 on a daily basis in anticipation of the update. At the time of writing, it is changing hands at $1.41, up 0.6 percent.
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